Geode Capital Management Portfolio holdings
Geode Capital Management, founded in 2001 and based in Boston, Massachusetts, is a prominent institutional asset management firm known for its expertise in low-cost, systematic index investing. Originally established to manage internal index funds for Fidelity Investments, Geode became an independent entity while retaining a close relationship with Fidelity, focusing on passive investment strategies that track major market indices. The firm oversees hundreds of billions in assets, offering a range of mutual funds and separately managed accounts primarily for institutional clients, such as pension funds and endowments, with an emphasis on minimizing costs and maximizing efficiency. Geode’s disciplined, quantitative approach and avoidance of active management have made it a key player in the rise of index-based investing.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$784M |
| 2 |
Apple
AAPL
|
+$427M |
| 3 |
Danaher
DHR
|
+$417M |
| 4 |
Prologis
PLD
|
+$405M |
| 5 |
Amazon
AMZN
|
+$383M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWTR
Twitter, Inc.
TWTR
|
+$587M |
| 2 |
Eli Lilly
LLY
|
+$491M |
| 3 |
DRE
Duke Realty Corp.
DRE
|
+$343M |
| 4 |
ABMD
Abiomed Inc
ABMD
|
+$252M |
| 5 |
CTXS
Citrix Systems Inc
CTXS
|
+$239M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.94% |
| 2 | Healthcare | 15.43% |
| 3 | Financials | 13.92% |
| 4 | Consumer Discretionary | 9.78% |
| 5 | Industrials | 9.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1876
Clean Energy Fuels
CLNE
$346M
| $17.1M | ﹤0.01% |
3,286,379
+125,784
| +4% | +$773K |
|
1877
Mercury Insurance
MCY
$6.07B
| $17.1M | ﹤0.01% |
499,596
+28,035
| +6% | +$932K |
|
|
MRC
1878
DELISTED
MRC Global
MRC
| $17M | ﹤0.01% |
1,471,144
+59,249
| +4% | +$625K |
|
|
RTL
1879
DELISTED
The Necessity Retail REIT, Inc. Class A Common Stock
RTL
| $17M | ﹤0.01% |
2,870,826
+109,797
| +4% | +$699K |
|
|
HAPN
1880
Happen Inc
HAPN
$2.24B
| $17M | ﹤0.01% |
1,933,929
+108,160
| +6% | +$1.11M |
|
|
SLCA
1881
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $17M | ﹤0.01% |
1,357,793
+40,607
| +3% | +$520K |
|
1882
Fastly Inc
FSLY
$3.66B
| $17M | ﹤0.01% |
2,069,879
+98,820
| +5% | +$866K |
|
1883
Customers Bancorp
CUBI
$2.77B
| $16.9M | ﹤0.01% |
597,695
-23,791
| -4% | -$742K |
|
|
ACLX
1884
DELISTED
Arcellx
ACLX
| $16.9M | ﹤0.01% |
544,770
+20,177
| +4% | +$463K |
|
1885
Crinetics Pharmaceuticals
CRNX
$8.92B
| $16.9M | ﹤0.01% |
921,230
+38,135
| +4% | +$672K |
|
|
INVX
1886
Innovex International
INVX
$1.97B
| $16.8M | ﹤0.01% |
620,013
+8,278
| +1% | +$197K |
|
1887
Warby Parker
WRBY
$3.27B
| $16.8M | ﹤0.01% |
1,247,869
+44,933
| +4% | +$687K |
|
1888
Gray Television
GTN
$552M
| $16.8M | ﹤0.01% |
1,503,831
+37,113
| +3% | +$460K |
|
|
IMGO
1889
DELISTED
Imago BioSciences, Inc. Common stock
IMGO
| $16.8M | ﹤0.01% |
467,992
+20,609
| +5% | +$515K |
|
1890
Napco Security Technologies
NSSC
$1.48B
| $16.8M | ﹤0.01% |
611,997
+8,946
| +1% | +$241K |
|
1891
Keros Therapeutics
KROS
$221M
| $16.8M | ﹤0.01% |
349,748
+33,599
| +11% | +$1.57M |
|
1892
SkinHealth Systems
SKIN
$85.7M
| $16.8M | ﹤0.01% |
1,844,430
-43,664
| -2% | -$471K |
|
1893
Healthcare Services Group
HCSG
$1.53B
| $16.8M | ﹤0.01% |
1,396,233
+56,448
| +4% | +$745K |
|
1894
TTEC Holdings
TTEC
$124M
| $16.7M | ﹤0.01% |
379,236
+16,907
| +5% | +$759K |
|
|
AHRT
1895
AH Realty Trust
AHRT
$517M
| $16.7M | ﹤0.01% |
1,453,076
+70,234
| +5% | +$809K |
|
|
VTYX
1896
DELISTED
Ventyx Biosciences
VTYX
| $16.7M | ﹤0.01% |
509,414
+100,452
| +25% | +$2.98M |
|
1897
Aclaris Therapeutics
ACRS
$869M
| $16.7M | ﹤0.01% |
1,058,748
+30,025
| +3% | +$483K |
|
1898
Algonquin Power & Utilities
AQN
$4.42B
| $16.6M | ﹤0.01% |
2,427,584
+22,336
| +0.9% | +$199K |
|
1899
Regenxbio
RGNX
$708M
| $16.6M | ﹤0.01% |
733,245
+25,672
| +4% | +$580K |
|
1900
Zeta Global
ZETA
$6.69B
| $16.6M | ﹤0.01% |
2,034,208
+107,539
| +6% | +$871K |
|
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Geode Capital Management's Q4 2022 Portfolio in Review
As of Q4 2022, Geode Capital Management held 5,090 positions worth $713B, up 8.1% from $659B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Trading was light in Q4 2022: portfolio turnover was 4.9%. Geode Capital Management opened 62 new positions and exited 188, leaving the 5,090-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 23% of assets, down from 24% a quarter earlier, followed by Healthcare and Financials.
- Geode Capital Management's largest Q4 2022 buy was Ferguson: 1,854,192 shares worth $235M.
- Geode Capital Management added most to Microsoft in Q4 2022, an estimated $784M increase.
- Geode Capital Management's biggest Q4 2022 reduction was Eli Lilly, cutting an estimated $491M.
- Geode Capital Management fully exited Twitter, Inc. in Q4 2022, selling an estimated $587M.
- Geode Capital Management's ten largest holdings make up 20% of its $713B portfolio in Q4 2022.
- Geode Capital Management opened 62 new positions and closed 188 in Q4 2022.
- Geode Capital Management's portfolio value rose 8.1% quarter-over-quarter to $713B.
Based on Geode Capital Management's 13F filing for Q4 2022, filed 13 Feb 2023.